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Calls for activating the supervisory role to curb money laundering
12/11/2012 12:00 am
Morning - Hussein al-Tamimi
took to talk about the phenomenon of money laundering expands widely within the country, especially after the crisis of the Iraqi Central Bank, and the importance of standing at this phenomenon, and the desire of many observers of the affair Economic know the danger posed to the overall development process and how stoop line graph of the economy to low levels.
said economic researcher Saad al-Tai said operations phenomenon laundering carries a significant risk to global economies as it works to hide illicit sources that have been obtaining money for way where money will be transferred obtained the Illicit punishable by law and work to turn them into capital run in suspicious acts or businesses or economic legitimate. Pointing out that they wrap process or try to blur illicit sources that have been obtaining money through it. And try giving their legitimate money and called idiomatically as "laundered money". He said in his speech during an economic seminar represents the money laundering phenomenon growing danger in global economies, recalling some statistics that more than $ 500 billion were traded in the money laundering operations in the nineties of the last century's just that amounted to more than $ 1.5 trillion in the first decade of this century, which indicates how much money the enormous obtained through the illegal and try to turn them into legitimate sources in an attempt by authorities criminal has those thefts or illicit trafficking of prohibited Patmos or misinformation on Massadralamwal Forbidden obtained.
He continued: a money laundering phenomenon growing threat to global economies in general and on the ethics of human societies. They occur upheaval severe and destabilizing large in the movement of the world economy, because of their negative effects on the human values and international law, as it makes the process to circumvent the law process almost easy and thus get rid of the criminal effects rea of illicit funds obtained thereby evading the sanctions stipulated in the law.
concluded his speech by saying: that it requires major international effort by the international institutions and organizations legal, economic and legislative in various countries around the world to work to reduce this dangerous phenomenon on global economies and try to eliminate them as much as possible and by activating the supervisory role and performance of workers money laundering circuits.
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